A-LevelEconomicsThe price system and the microeconomy9708/32 · May/June 2017 · Q11 Mark
When will an economic activity create a net social benefit?
- When will an economic activity create a net social benefit? A when (private benefit + external benefit) – (private cost + external cost) is negative B when (private benefit + external benefit) – (private cost + external cost) is positive C when (private benefit + private cost) – (external benefit + external cost) is negative D when (private benefit + private cost) - (external benefit + external cost) is positive[1]
Mark scheme
Marking points from the official mark scheme (May/June 2017). The mark or mark type is shown in brackets.
- [1] B
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